ML/TF/PF Risk by Industry
We’ve developed a suite of money laundering, terrorism and proliferation financing risk and control modules for over twenty different industry sectors across Financial Services, Gaming Operators, Gatekeeper Professions and High-Value Goods Dealers.
These risk and control modules contain comprehensive risk models for enterprise-wide ML/TF/PF risk; channel risk and product and services risk, with hundreds of different risk indicators and are supported by a comprehensive controls library containing suggested control tests, enabling you to assess the design and operational effectiveness of your control framework.
Overview
Regulated businesses are required to conduct, enterprise-wide money laundering, terrorism and proliferation financing risk assessments to identify, assess, mitigate and manage the risks of their products and services, customers, delivery channels, transactions and geographic exposures being misused for illicit purposes. These ML/TF/PF risk assessments form the foundation of an effective compliance framework, enabling firms to allocate resources proportionately to higher-risk areas and implement targeted controls.
Incorporating industry-specific content, tailored risk indicators and controls is essential because regulated businesses vary significantly in structure, exposure and complexity. Our industry specific ML/TF/PF risk and control modules can be used out-of-the-box or as a launchpad from which to further tailor these to suit your specific circumstances, leading to more accurate financial crime risk and control assessments.
Financial Services
Arctic Intelligence has developed multiple ML/TF/PF risk and control modules for different types of financial services businesses, including: Asset Managers, Investment Managers, Fund Managers, Wealth Managers, Hedge Funds, Retail Banks, Corporate and Institutional Banks, Private Banks, Building Societies, Credit Unions, Mutual Banks, Corporate Finance, Venture Capital and Private Equity, Financial Planners and Investment Advisors, FinTech’s, Insurance Companies, Leasing and Asset Financing, Money Remittance, Foreign Exchange Businesses, Emoney Service Providers, MSBs, Stockbrokers, Commodities Dealers, Superannuation Funds, Pension Funds and Virtual Asset Service Providers.
Each module contains four different risk models – an enterprise-wide ML/TF/PF risk model; a channel risk model, a product and services risk model and a country risk model, containing hundreds of different risk indicators and are supported by a comprehensive controls library containing suggested control tests, enabling financial services businesses to assess the design and operational effectiveness of their control frameworks.
Gaming Operators
Arctic Intelligence has developed multiple ML/TF/PF risk and control modules for different types of Gaming Operators, including Casinos and Junket Tour Operators, Online Gaming and Sports Betting Operators, Bookmakers and Betting Agencies and Hotels, Pubs and Clubs which contain four different risk models – an enterprise-wide ML/TF/PF risk model; a channel risk model, a product and services risk model and a country risk model, containing hundreds of different risk indicators and are supported by a comprehensive controls library containing suggested control tests, enabling financial services businesses to assess the design and operational effectiveness of their control frameworks.
High Value Goods Dealers
Arctic Intelligence has developed multiple ML/TF/PF risk and control modules for different types of High-Value Goods Dealers, including Dealers in Precious Metals and Stones and High-Value Goods Dealers, such as Art, Antique and Antiquities Dealers; Auction Houses; Cash-in-Transit (CIT) Service Providers; Jewellers, Luxury Watch and Timepiece Dealers; Motorised Vehicle Dealers; Other Luxury Good Providers; Pawnbrokers and Second-hand Dealers; Precious Metal and Stone Dealers; Private Vaulting Services; Rare Collectibles and Memorabilia Dealers and Safety Deposit Box Services.
We’ve built three different risk models – an enterprise-wide ML/TF/PF risk model, a product and services risk model and a country risk model, containing hundreds of different risk indicators and are supported by a comprehensive controls library containing suggested control tests, enabling financial services businesses to assess the design and operational effectiveness of their control frameworks.
Gatekeeper Professionals
Arctic Intelligence has developed multiple ML/TF/PF risk and control modules for different types of Gatekeeper Professionals, including Accounting Professionals, Legal Professionals, Real Estate Professionals and Trust and Company Service Providers, which contain three different risk models – an enterprise-wide ML/TF/PF risk model; a product and services risk model and a country risk model, containing hundreds of different risk indicators and are supported by a comprehensive controls library containing suggested control tests, enabling financial services businesses to assess the design and operational effectiveness of their control frameworks.